Facebook: profit surge

Profits for Quarter Two up.

Latest figures show that Facebook’s net income has risen by 138% in the second quarter of 2014.  Advertising revenue was up 67%.  Mobile advertising accounted for 62% of all advertising revenues. 

Over 1 billion people are accessing Facebook via a mobile device.  Mobile users see fewer adverts, but Facebok is charging more for mobile advertising.

For analysis on the results, see the BBC website.  Facebook’s results are published here.